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[ad_1] “We proved we can actually beat big oil,” Newsom said at a signing ceremony at the Capitol. That victory came despite the industry deploying “30-plus lobbyists” to stymie the bill, he said. The industry acknowledges the setbacks. “I think what we’ve seen is the governor has put this industry in the crosshairs for a…
[ad_1] “My biggest fear was that the penalty would just be passed on to consumers,” Assemblymember Al Muratsuchi (D-Torrance) said during Monday’s Assembly floor debate. “That is a bipartisan concern. This measure, it doesn’t require penalties, it doesn’t require any maximum profit caps.” Instead, he said, it adds transparency to the oil market and requires…
[ad_1] “In our pursuit to address gasoline prices, we must ensure our actions that we take first [do] no harm to consumers,” Bradford said. It was the first public sign of trouble for a key Newsom initiative as he pursues a higher national profile and a possible future run for the presidency. He announced the…
[ad_1] New Delhi: The income and profits shown by various BBC group entities are “not commensurate” with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities, the income tax authorities said Friday, a day after they ended a three-day-long survey operation against the British…
[ad_1] The head of UNAids, Winnie Byanyima, has strongly criticised pharmaceutical giants for prioritising profits over saving lives, and warned that “racist” inequalities are undermining progress towards ending Aids, especially in Africa. Sub-Saharan Africa accounts for more than half of all new infections, with women and marginalised groups facing higher new infection rates. Aids-related illnesses…
[ad_1] The timing is important. Oil companies are rolling out earnings announcements as lawmakers in California are poised to hold hearings on a Newsom proposal to cap profit margins — an idea he floated last year as pump prices in California rose to the highest in the nation even as the cost of a barrel…